Not known Factual Statements About 200 loan
Not known Factual Statements About 200 loan
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(i) Be supported by a program of inner control that gives realistic assurance that the costs are correct, allowable, and correctly allotted;
(1) Any prices when audits expected by the Single Audit Act and subpart File of this part have not been conducted, or happen to be conducted but not in accordance with the requirements; and
(d) Be accorded regular procedure. For instance, a price must not be assigned into a Federal award for a direct Charge if another Value incurred for the same goal in like conditions has actually been allotted to the Federal award being an indirect Price tag.
(2) Withholding authority to continue to the next period until receipt of proof of satisfactory functionality;
Except the Federal agency expressly authorizes an arrangement, a recipient or subrecipient will have to adhere to its created policies and treatments concerning the permissible extent of Expert expert services that may be furnished outdoors the receiver or subrecipient for non-organizational compensation.
(6) Specifying only a “manufacturer identify” product as an alternative to allowing for “an equivalent” product or service to generally be made available and describing the effectiveness or other pertinent demands with the procurement; and
(h) The Federal company will have to make each and every effort to finish all closeout actions no later than a person yr once the conclude in the duration of performance. Should the indirect Price tag rate hasn't been finalized and would hold off closeout, the Federal agency is licensed to mutually concur Together with the receiver to shut an award using The existing or most just lately negotiated fee.
(e) The recipient or subrecipient should make certain that all prequalified lists of persons, corporations, or products Employed in procurement transactions are current and include things like more than enough skilled sources to guarantee highest open competition.
(vi) Assist the distribution of the worker's wage or wages amid unique actions or Expense goals if the employee works on more than one Federal award; a Federal award and non-Federal award; an oblique cost exercise and also a immediate Charge action; two or even more indirect pursuits allotted applying different allocation bases; or an unallowable activity and a immediate or indirect cost exercise.
There are actually distinct conditions by which the recipient or subrecipient could utilize a noncompetitive procurement strategy. The noncompetitive procurement system might only be utilized if amongst the next instances applies:
(a) Wherever the Federal Authorities guarantees or insures the repayment of money borrowed with the recipient, the Federal agency might have to have sufficient bonding and insurance coverage In case the bonding and insurance policy demands from the receiver are certainly not considered sufficient to safeguard the curiosity in the Federal Governing administration.
usually means the auditor's most effective estimate of total questioned click here costs, not merely the known questioned expenditures. Possible questioned expenses are created by extrapolating from audit evidence attained, by way of example, by projecting regarded questioned costs identified within an audit sample to the whole populace from which the sample was drawn.
The Federal agency might only use application details collections accredited by OMB beneath the Paperwork Reduction Act of 1995 and OMB's implementing restrictions in five CFR portion 1320 and in alignment with OMB-accepted, federal government-extensive knowledge components out there within the OMB-specified expectations direct.
(1) Fringe Rewards in the form of undergraduate and graduate tuition or tuition remission for specific staff members are allowable, delivered such Advantages are granted in accordance with founded prepared guidelines on the IHE and so are distributed to all IHE routines on an equitable basis. Tuition Advantages for loved ones apart from the worker are unallowable.